Prudential Announces New Online Retirement Transaction Capabilities.NEWARK, N.J.--(BUSINESS WIRE)--June 17, 1999-- Prudential Retirement Services announced today that it has enhanced its Online Retirement Center website to make it faster, more interactive and easier to use. Retirement plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. can now quickly and easily transfer funds between investment options, change future contribution allocations and access information about their retirement plan accounts. Also the site includes integrated, comprehensive retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. tools for developing and monitoring participant asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. strategies. The website enhancements were made with input from participants in plans for which Prudential Retirement Services provides administrative and record-keeping services. Extensive research, through plan participant pilot tests and feedback, guided the enhancements to the site's navigational tools and functionality. The web site is located at http://www.prudential.com/online/retirement. Feedback from Prudential clients about the new enhancements has been very positive. William Dorcas, manager of benefits planning/programs for CYRO Industries, an acrylic compound acrylic compound Any of a class of synthetic plastics, resins, and oils used to manufacture many products. By varying the starting reagents (such as acrylic acid, C3H4O2, or acrylonitrile, C3H3 and sheeting maker in Rockaway, New Jersey
Rockaway is a borough in Morris County, New Jersey, USA. As of the United States 2000 Census, the borough population was 6,473. , likes the site's improved speed and more user-friendly layout. "I'm very impressed by the changes to Prudential's website. It is faster, full of useful information and easier to navigate. This site really helps our employees get to the information they need quickly," said Dorcas. "This major redesign re·de·sign tr.v. re·de·signed, re·de·sign·ing, re·de·signs To make a revision in the appearance or function of. re of the Prudential Online Retirement Center demonstrates our commitment to continually providing higher levels of service to our plan participants, whether online, over the telephone or in person," said Ken Montgomery Ken Montgomery (born January 5 1951) is a former Australian rules footballer who played for North Melbourne in the VFL. A half back flanker, Montgomery was a premiership player with North Melbourne in 1977, having missed out on their flag win two years earlier. , President of Prudential Retirement Services. "What sets our website apart is that it integrates the investment education, planning and transaction capabilities in a single site. This will help participants fully understand and take advantage of their retirement plans." The following additional features are also now available on the website: -- The Big Picture page features a colorful pie chart A graphical representation of information in which each unit of data is represented as a pie-shaped piece of a circle. See business graphics. that displays the participant's portfolio at the asset-class level. -- New Your Holdings page presents balances, number of shares, and share prices by asset class for each investment option, all updated daily. -- Investment information now includes quarterly commentaries on domestic and international markets, giving participants perspective on their own investments' returns. -- Improved website navigation Website navigation is the means to facilitate movement from one Web page to another Web page. The navigation interface is one of the most important aspects of any website. Correctly designed, it lets users find the information they need, easily and quickly. allows participants to switch easily between plans. -- Participant name, account balance, plan name and company logo now appear on the home page for immediate access to basic plan information. -- A new Quarterly Fund Performance Table matches the one that appears on the participants' quarterly statement. -- Revised Help, Frequently Asked Questions, and e-mail facilities help participants make the most of the site's capabilities. Prudential Retirement Services is exclusively dedicated to providing quality retirement services for public, private and not-for-profit organizations. With over 71 years of experience in administering retirement plans, the company today manages more than $61.2 billion in defined contribution retirement assets for more than 1.2 million individual plan participants. Prudential offers a combination of investment management expertise, state-of-the-art record-keeping services, and comprehensive investment education programs. Prudential, with $375 billion in total assets managed and administered, is the largest life insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and one of the largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment institutions in the world. Prudential has a global presence in 30 countries, providing a variety of products and services in the areas of insurance, investments, securities and real estate to more than 30 million customers. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion